Franklin Templeton Bk & Trust Mortgage Lending & HMDA Data, 2009
In 2009, Franklin Templeton Bk & Trust of Salt Lake City, UT reported 33 mortgage applications totaling $29.8 million, up 3% from 2008. The average application was for $902,636, and applicants reported an average income of $692,272. 70% of its applications resulted in an originated loan and 15% were denied. Its largest markets were New York-White Plains-Wayne, NY-NJ (4), San Francisco-San Mateo-Redwood City, CA (4) and Fort Lauderdale-Pompano Beach-Deerfield Beach, FL (3) (applications in parentheses).
| Mortgage Company & Address | Franklin Templeton Bk & Trust 47 West 200 South, Suite 500 Salt Lake City, UT 84101 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 33 |
| Total Mortgage Loan Application Amount | $29,787,000 |
| Average Mortgage Loan Application Amount | $902,636 |
| Highest Mortgage Loan Application Amount | $5,000,000 |
| Average Applicant Income | $692,272 |
| Highest Applicant Income | $4,332,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Franklin Templeton Bk & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| New York-White Plains-Wayne, NY-NJ | 4 | $ 6,450,000 | $ 1,612,500 | $ 2,042,000 |
| San Francisco-San Mateo-Redwood City, CA | 4 | $ 2,676,000 | $ 669,000 | $ 282,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 3 | $ 2,821,000 | $ 940,333 | $ 388,000 |
| Salt Lake City, UT | 3 | $ 1,213,000 | $ 404,333 | $ 286,000 |
| Cambridge-Newton-Framingham, MA | 2 | $ 2,074,000 | $ 1,037,000 | $ 446,000 |
| Edison-New Brunswick, NJ | 2 | $ 85,000 | $ 42,500 | $ 95,000 |
| Los Angeles-Long Beach-Glendale, CA | 2 | $ 2,247,000 | $ 1,123,500 | $ 411,000 |
| Atlanta-Sandy Springs-Marietta, GA | 1 | $ 42,000 | $ 42,000 | $ 99,000 |
| Bethesda-Frederick-Rockville, MD | 1 | $ 330,000 | $ 330,000 | $ 174,000 |
| Burlington-South Burlington, VT | 1 | $ 268,000 | $ 268,000 | $ 1,861,000 |
| Charleston-North Charleston-Summerville, SC | 1 | $ 1,000,000 | $ 1,000,000 | $ 1,409,000 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 1,000,000 | $ 1,000,000 | $ 733,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 1 | $ 5,000,000 | $ 5,000,000 | $ 2,743,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 1 | $ 1,300,000 | $ 1,300,000 | $ 448,000 |
| Santa Barbara-Santa Maria-Goleta, CA | 1 | $ 1,000,000 | $ 1,000,000 | $ 328,000 |
| Santa Rosa-Petaluma, CA | 1 | $ 250,000 | $ 250,000 | $ 80,000 |
| Springfield, MA | 1 | $ 231,000 | $ 231,000 | $ 141,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 1 | $ 850,000 | $ 850,000 | $ 1,117,000 |
Mortgage Loan Application Detail Totals for Franklin Templeton Bk & Trust in 2009
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Refinancing | 27 | $26,679,000 | $988,000 | $5,000,000 | $531,000 | $2,743,000 |
| Home Purchase | 6 | $3,108,000 | $518,000 | $1,000,000 | $1,418,000 | $4,332,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| White | 19 | $13,888,000 | $730,000 | $1,909,000 | $447,000 | $1,409,000 |
| Not Provided | 12 | $15,589,000 | $1,299,000 | $5,000,000 | $1,034,000 | $4,332,000 |
| Not applicable | 1 | $268,000 | $268,000 | $268,000 | $1,861,000 | $1,861,000 |
| Black or African American | 1 | $42,000 | $42,000 | $42,000 | $99,000 | $99,000 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 33 | $29,787,000 | $902,000 | $5,000,000 | $693,000 | $4,332,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 23 | $24,213,000 | $1,052,000 | $5,000,000 | $683,000 | $2,743,000 |
| Application Denied By Financial Institution | 5 | $2,194,000 | $438,000 | $1,909,000 | $261,000 | $606,000 |
| Application Withdrawn By Applicant | 4 | $2,880,000 | $720,000 | $1,300,000 | $375,000 | $733,000 |
| Application Approved But Not Accepted | 1 | $500,000 | $500,000 | $500,000 | $4,332,000 | $4,332,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Credit History | 2 | $85,000 | $42,000 | $45,000 | $95,000 | $106,000 |
| Collateral | 2 | $2,059,000 | $1,029,000 | $1,909,000 | $489,000 | $606,000 |
| Debt-To-Income Ratio | 1 | $50,000 | $50,000 | $50,000 | $139,000 | $139,000 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Franklin Templeton Bk & Trust's 2009 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess Franklin Templeton Bk & Trust's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
For a list of all lenders in Utah, download the full spreadsheet
with aggregated HMDA statistics today.
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